Jewell Brent C 4

What Happened

• Brent C. Jewell, President, Architectural Glass at Apogee Enterprises (APOG), received two equity awards on 2026-04-22 totaling 10,594 shares: 8,067 shares at $35.47 each (value $286,136) and 2,527 shares at $35.47 each (value $89,633), for a combined grant value of $375,769. The filing also shows 1,315 shares were disposed/withheld to cover taxes (value $46,643), leaving a net of 9,279 shares added (net value ≈ $329,126).
• These were award/grant transactions (company compensation), not open-market purchases or sales—routine for executive pay and not a direct market sentiment signal.

Key Details

• Transaction date(s) and price(s): 2026-04-22, $35.47 per share.
• Grant breakdown: 8,067 shares ($286,136) + 2,527 shares ($89,633) = 10,594 shares ($375,769).
• Tax withholding: 1,315 shares withheld/disposed to satisfy tax obligations (value $46,643); net shares retained ≈ 9,279.
• Vesting and award type notes:
  • Shares vest over a three-year schedule (one-third on 4/30/27, 4/30/28 and 4/30/29) (F1).
  • Some shares are restricted stock under the 2019 Stock Incentive Plan (F2).
  • Some awards are performance share units tied to corporate financial goals (F4).
• Transfer note: the reporting person gifted these shares to a revocable living trust for the benefit of himself and his spouse, with minor children as contingent beneficiaries; he and his spouse are co-trustees (F3).
• Shares withheld to pay withholding taxes are included in the filing aggregate (F5).
• Filing timeliness: Reported on 2026-04-24 for a 2026-04-22 transaction — filed promptly per typical Rule 16 timing.

Context

• These awards are compensation and generally reflect pay rather than a discretionary buy or sell decision; performance share units (PSUs) vest only if corporate metrics are met, so final share delivery may depend on future results.
• Gifts to a revocable living trust are estate planning steps and do not necessarily indicate trading intent.